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Capital Projects fund winds down; district to reapply for seismic grant in 2026–27
Summary
Finance staff said the Capital Projects Fund is lower this year as major facility projects wind down; the district did not receive a seismic grant this cycle and plans to reapply in 2026–27 while pursuing other grant opportunities.
Director of Finance Dede Corpening told the committee that the Capital Projects Fund is lower in the proposed 2025–26 budget because the district is moving out of a peak year for capital spending. Corpening said the district is applying for new grants in the coming cycle to pursue additional upgrades.
Corpening also reported that the district did not receive a seismic grant in the current cycle and intends to reapply in 2026–27. Committee members asked whether the reduced fund level signals the end of projects or a temporary lull; staff characterized it as a move out of a peak spending year rather than permanent cessation of projects.
